https://www.taxtmi.com/caselaws?id=392094 The Tribunal quashed the show cause notice and penalty order imposed by SEBI on the appellants for violating SEBI Act and PFUTP Regulations due to the unjustified delay of seven years in initiating the proceedings. The principle of res judicata was found to be applicable, leading to the dismissal of the penalty order. The appellants' involvement in manipulative and fraudulent self trades and match trades was disputed, but SEBI's findings were upheld. The delay by both parties was a crucial factor, emphasizing the importance of timely regulatory action. The appeals were allowed, and no costs were imposed. en-us Thu, 14 Nov 2019 00:00:00 +0530 Thu, 13 Feb 2020 08:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392094 The Tribunal quashed the show cause notice and penalty order imposed by SEBI on the appellants for violating SEBI Act and PFUTP Regulations due to the unjustified delay of seven years in initiating the proceedings. The principle of res judicata was found to be applicable, leading to the dismissal of the penalty order. The appellants' involvement in manipulative and fraudulent self trades and match trades was disputed, but SEBI's findings were upheld. The delay by both parties was a crucial factor, emphasizing the importance of timely regulatory action. The appeals were allowed, and no costs were imposed. Case-Laws SEBI Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392094